SharkNinja price target raised to $128 from $97 at JPMorgan

JPMorgan raised the firm’s price target on SharkNinja to $128 from $97 and keeps an Overweight rating on the shares after hosting an investor meeting with management. The firm believes most investors came away from the meeting with a better appreciation for the sustainability of SharkNinja’s “fast-paced” sales growth, driven by innovation and its key three growth pillars: share gains in existing categories, entry into new categories and geographic expansion. JPMorgan came away more confident in upside to estimates over the near term with management “sounding constructive” on being able to “comp the comp.”